Teijin to establish polyester chemical recycling joint venture in China

TOKYO —Teijin Ltd will establish Zhejiang Jiaren New Materials Co, a joint venture with Jinggong Holding Group, in Shaoxing, Zhejiang Province, one of China’s largest production bases for fiber products.

Through the joint venture, Teijin said it will chemically recycle polyester, as well as manufacture and sell the resulting fibers, with the aim of establishing a closed-loop recycling system in China leveraging its advanced proprietary chemical recycling technology and the business expertise it has cultivated in the global expansion of ECO CIRCLETM, its existing closed-loop recycling system for polyester.

The new plant will chemically recycle polyester fiber scraps and used polyester products into DMT (dimethyl terephthalate) with quality comparable to that derived directly from petroleum. The DMT will be used for the production of polyester resin, as well as value-added polyester fiber, leveraging the Teijin Group’s polymer and fiber-spinning technologies.